Greenvolt signs €90 million line of credit to accelerate renewable energy projects in Poland – Executive Summary

Greenvolt Power, the subsidiary of the Greenvolt Group involved in large-scale renewable energy projects, has agreed with DNB and mBank to obtain “renewable” credit worth 90 million euros.

According to the company led by João Manso Neto, this financing will accelerate the completion of renewable energy projects under development in Poland, a market responsible for nearly half of Greenvolt Group’s pipelines.

Of the financing amount, DNB and mBank will be responsible for 50 and 40 million euros respectively.

“This line of credit is a lever because it will allow Greenvolt Power to accelerate the development of several projects underway in Poland and, at the same time, ensure the necessary flexibility to implement the asset rotation strategy,” says João Manso Neto, CEO. From the Greenvolt Collection.

Adrian Goralski, Director of Mergers, Acquisitions and Project Finance at Greenvolt Power, says that they are “very pleased with the work carried out between the teams of Greenvolt Group, DNB Bank and mBank to complete a pioneering financing in the Polish financial system.”

Poland is one of Greenvolt Group’s key markets, where it currently has a pipeline capacity of 3.4 GW, out of a total of 7.7 GW for the group. Of the total, Greenvolt Group expects to have 2.9 GW in advanced development by the end of this year.